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Eicher Motors Shares Close 0.57% Lower at ₹7,549 on Thursday

Separately, Royal Enfield sold 133,442 motorcycles in October, up 7% year over year, and Eicher Motors scheduled a results call for Friday.

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Commuters pass the National Stock Exchange complex in Mumbai, India, in late-afternoon light. / EconoTimes.ai
Commuters pass the National Stock Exchange complex in Mumbai, India, in late-afternoon light. / EconoTimes.ai

Eicher Motors shares ended lower Thursday, with two market-data providers listing a ₹7,549 close ahead of the company’s Friday discussion of second-quarter and half-year results.

Value Research and Choice India reported the close on the National Stock Exchange of India (NSE) at ₹7,549, down ₹43, or 0.57%, from ₹7,592. Their listings showed an opening price of ₹7,594, a session range of ₹7,455 to ₹7,696 and volume of 726,200 shares.

Separately, Eicher Motors said in a Nov. 1 filing that Royal Enfield sold 133,442 motorcycles in October, 7% more than a year earlier. Domestic sales rose 4% to 121,527, while exports increased 47% to 11,915.

Royal Enfield sold 267,400 motorcycles across September and October. Eicher said the total was Royal Enfield’s highest festive-season total. The company’s filings did not attribute Thursday’s share-price decline to the sales figures or the upcoming results discussion.

A Nov. 9 filing scheduled a group conference call for Friday, Nov. 13, after a board meeting. Set for 6:45 a.m. ET (11:45 UTC), the call will cover unaudited second-quarter and half-year results for the period ended Sept. 30.

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